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Targacept Stock Hits New 52-Week Low (TRGT)

NEW YORK (
TheStreet) --
Targacept (Nasdaq:
TRGT) hit a new 52-week low Friday as it is currently trading at $4.14, below its previous 52-week low of $4.16 with 29,709 shares traded as of 9:40 a.m. ET. Average volume has been 793,800 shares over the past 30 days.

Targacept has a market cap of $145.6 million and is part of the
health care sector and
drugs industry. Shares are down 24.6% year to date as of the close of trading on Thursday.

Targacept, Inc., a biopharmaceutical company, engages in the discovery, design, and development of neuronal nicotinic receptors (NNR) therapeutics for the treatment of diseases and disorders of the nervous system.

TheStreet Ratings rates Targacept as a
sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, poor profit margins, generally disappointing historical performance in the stock itself and disappointing return on equity. You can view the full
Targacept Ratings Report.